This is the last week the full Congress will be in session in 2013. It likely also is the last chance for legislators to make a budget deal before 2014 as the Wall Street Journal reports.
A proposed rule from the Department of Energy (DOE) pushed 2013 regulatory costs to $108 billion. For the week, regulators added $11.7 billion in total costs, 71,000 burden hours, and $1.7 billion in annualized benefits.
Shortly before Thanksgiving, the administration released its fall 2013 regulatory agenda, or “Unified Agenda.” Every federal agency, including independent agencies, submits an upcoming schedule of pending or recently completed regulatory actions.
All the positive near-term news added up to the most solid jobs report in some time. Payroll jobs rose by 200,000 and the unemployment rate dropped sharply from 7.3 percent to 7.0 percent.
Happy jobs Friday! Everyone will be tuning in to the jobs number when it comes out at 8:30 this morning. In October the economy created 204,000 jobs and the unemployment rate rose to 7.3 percent. Here is a recap of the other major economic indicators since the last jobs number: